For anyone new reading your thread Key, thought I would add in the dialogue on what has been whispered to us in updates from the company regarding our next major update to the platform, which will be our beloved OTT
With you wholeheartedly on this being the next catalyst to find our new base and also believe we will have created an OTT platform which will take the mobile world by storm
ii. Successfully negotiated with AT&T for a discount of more than 70% in wholesale data pricing, opening opportunities for Syntonic to provide a multi-carrier, Over-the-Top (“OTT”) mobile video service in the U.S.
v. Syntonic announced the development of the first cross-carrier Over-the-Top (OTT) mobile video service in the U.S. The OTT solution will provide both ad-sponsored and subscription access to mobile video content without affecting a user’s mobile data plan. For example, mobile subscribers will be able to purchase a subscription to their favorite online content for viewing on their smartphone without impacting their mobile data plan. Syntonic will target major content providers and Multiple System Operators (MSOs) seeking to expand their programming delivery onto mobile devices
Syntonic has a multi-sided revenue model both from its infrastructure business, licensing its platform to service providers, and from its services business, providing a cost-efficient means for content providers to acquire, engage, and monetize consumers. In subsequent quarters, the services business will also include revenue from the Company’s upcoming OTT subscription services. OTT subscription service revenue is in addition to revenue generated from paying content providers using the Freeway platform for acquisition, engagement, and monetization
With additional content conversions, upcoming and recurring revenue from Verizon, OTT subscription services, and more efficient on-boarding for app developers and publishers, the Company believes it has reached a positive inflection point in its revenue ramp-up
Last but not least
The timing of this capital raise is driven by several large-scale revenue generating opportunities which have recently arisen and that require a quick market response to maximize market share. For example, Syntonic’s multi-faceted engagement with Verizon Wireless, the United States’ largest mobile carrier with nearly 100 million subscribers, requires an immediate company scale-out to accommodate and capture the upcoming business opportunities. The Company’s expansion to support Verizon builds on the strategic foundation of Syntonic’s Connected Services Platform integration with AT&T and Tata Communications. The Company is now in a unique and advantageous position to be the world’s first cross-carrier Mobile Virtual Network Content Provider (MVNCP), offering audio and video services with a direct billing relationship to the end-user, either through sponsorship or paid subscription. In the U.S., Syntonic has the unrivaled operator network footprint to deliver these services to over 70% of the addressable smartphone audience. In addition, Syntonic is now in advanced discussions to extend these services into the European market
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